CALL OR TEXT TO see triple-net syndicated deals (310) 935-9061
Meet the Team
Todd Stender, Managing Partner
Todd Stender is the Founder and Owner of Stender Fund Management ("SFM") LLC, a privately-held real estate firm specializing in single-tenant, triple-net properties. Todd’s real estate experience came from two decades of working on Wall Street as a senior securities analyst covering the real estate investment trust (REIT) sector at Well
Todd Stender is the Founder and Owner of Stender Fund Management ("SFM") LLC, a privately-held real estate firm specializing in single-tenant, triple-net properties. Todd’s real estate experience came from two decades of working on Wall Street as a senior securities analyst covering the real estate investment trust (REIT) sector at Wells Fargo Securities, Keefe Bruyette & Woods, and Crowell, Weedon & Co. in New York and Los Angeles. Subsectors of expertise included Net Lease, Self-Storage, Residential, and Healthcare. During his tenure, Todd earned (4) Financial Industry Regulatory Authority (FINRA) securities licenses (Series 7, 66, 86, 87).
Since 2009, Todd conducted due diligence on over 30 IPOs and secondary stock offerings that totaled nearly $10 billion in equity raised. This public capital valuation experience should allow Todd to seamlessly transition to capital raising on private real estate transactions.
Todd earned a BA from LaSalle University and an MBA from Pepperdine University. Todd is also a youth sports coach (baseball, softball, basketball, football) for his 2 children, was Cub Scout Master for Pack 846 for 3 years, and proponent of the early development of leadership skills that he learned as an Eagle Scout in the Boy Scouts of America.
About us
Beginning: Real Estate Syndication
SFM acts as the general partner (GP) and pools investor capital to fund the purchase of commercial real estate properties under long-term triple-net (NNN) leases that generally cost $2-3 million (our bread & butter size). Minimum investment for limited partners (LPs) is $25k, which means we're generally looking for 20+ investors to fund the equity portion of our purchase. We then match those funds with equal parts mortgage debt as to maintain a conservative leverage profile.
Middle: Monthly Cash Flow to Investors
All rental income is passed thru to LPs on a tax-efficient basis. Triple-net leased properties require the tenant to pay all property operating expenses, which include utilities, property taxes, and all maintenance. This property type generates some of the highest profit margins of any commercial real estate, which benefits income-seeking investors. In addition, most of the cash distributions to LPs are considered a return of capital in the early years of the investment and therefor are not taxable. They merely reduce the original cost basis.
End: There's Scale In Them Thar Hills
We believe that the NNN space is highly scalable, particularly in the niche that we play in: quick service restaurants (QSRs) with drive-thrus. Exit strategies are endless in this property type and range from the sale of asset-by-asset to the pooling of properties into a portfolio, which may attract larger institutional capital players. Examples include REITs, private equity, pension funds, and/or sovereign wealth that appreciate consistent, stable, predictable income-producing commercial real estate.